While dealing in real estate it's always good to remember the old saying, "Precaution is better than cure", which is very suitable for buying an immovable property.
There are many laws to protect a buyer of property, yet being aware is the best self help and one must be very careful before buying a property.
There is a vast list of precautions to be taken while dealing in land and property.
Always consider the clear title to a property by studying the documents carefully before buying any property.
While dealing in real estate in Aurangabad find the land records, records of the society in which the property is located and the records of the sub registrar.
Before buying a land in Aurangabad, it's good to issue a public notice in local news paper to check if someone else is claiming that property other than the seller.
Always inspect a sanctioned plan for plots & occupation certificate or a completion certificate for buildings.
If a property seller in Aurangabad is selling a property on behalf of someone else, on the basis of power of attorney, then it becomes mandatory for the buyer to ensure that the power of attorney is properly executed.
While buying a house in a society get the no objection certificate or no dues letter from the society or the builder, who so ever is concerned.
Genuine property seller or a real estate agent in Aurangabad will always check & clear the property tax, service tax, VAT, release certificate from bank, encumbrance certificate and other outgoings before selling a property.
If you are planning to buy an immovable land in Aurangabad city of Maharashtra state it is good to check whether the property is commercial or residential as per the development control regulations along with certain other rules such as setback for road widening, environmental clearance or Heritage rules.
A purchaser of a real property in Aurangabad should always take care of getting all the documents stamped and registered and not to forget to take the original title deeds from the seller.
Buying a flat in any society of Aurangabad, in hope of making quick profit, when one overlooks the builder's paperwork such as commencement certificate for work, approved building plans and environmental clearance..then, after giving away your hard earned money, you'll have to keep on grappling for getting the authentic possession letter for your property. Hence it is said never to equate the real estate transaction with the stock market transaction and be very very careful before dealing in property matters.
Always calculate the total and final cost of the property before buying it and cross check it in the market so that you don't pay more than the original price.
Find the genuine real estate companies in Aurangabad city from the non exhaustive list provided and after choosing the one, do not relax & depend completely on others but go check all the details and documentations on your own and do the safe dealing in real estate.